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* STOXX 600 remains near 1-month lows, down 7 pct in 2016
* Morrison rises after results
* But Next and H&M fall
* Concerns remain over weak economy, bond sell-off
By Sudip Kar-Gupta
LONDON, Sept 15 (Reuters) - European shares hovered nearone-month lows on Thursday, as concerns over a weak economicbackdrop and recent heavy selling in the bond market pegged backequities.
The pan-European STOXX 600 index, which had fallenfor the last five days in a row, was flat and remained nearone-month lows. The STOXX 600 index is also down 7 percent sofar in 2016.
Traders cited worries that recent sell-offs in the bondmarket, caused by concerns that world central banks are runningout of ammunition to bolster economic growth, would meanequities remained vulnerable to further pullbacks.
"Overall sentiment is slightly negative," said Markus Huber,trader at City of London Markets Limited.
British supermarket operator Morrison rose 6.7percent, the top performer on the STOXX 600, after the companyreturned to profit growth.
"A better-than-expected increase in like-for-like sales atMorrisons supermarkets saw the company deliver a very positiveset of interim results which beat forecasts," said ETX Capitalmarkets analyst Neil Wilson.
Zodiac Aerospace, which has issued a string ofprofit warnings over the last year, also rose sharply afterreporting higher than expected full-year revenues.
However, shares in Next fell after the Britishclothing retailer warned of volatile trading as it reported afall in first-half profits.
Rival clothing retailer H&M also fell after itreported sales growth below analyst forecasts. [nL8N1BR0Q7
Francois Savary, chief investment officer at Geneva-basedfund management and consultancy firm Prime Partners, said hisfirm had trimmed back its equity position, given the weakeconomic backdrop.
"The summer rally on equities was not really backed up byvolumes and we are not out of the woods yet in terms of loweconomic growth," said Savary. (Editing by Raissa Kasolowsky)